Sudhir agrees to hand over Munyonyo resort
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Date
2017-07-13
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New Vision
Abstract
Embattled property mogul Sudhir Ruparelia has agreed to surrender some of his prime properties to the Bank of Uganda in order to settle the sh400b bank fraud case out of court.
Bank of Uganda, through Crane Bank, has sued Sudhir and his Meera Investments on behalf of Crane Bank, which is under receivership of the regulator, to compel the property mogul to pay back over sh400b he allegedly "extracted" from Crane Bank before it was taken over.
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New Vision. (2017). Sudhir agrees to hand over Munyonyo resort. New Vision.